Welcome to our dedicated page for Loop Industries news (Ticker: LOOP), a resource for investors and traders seeking the latest updates and insights on Loop Industries stock.
Loop Industries (LOOP) delivers transformative recycling solutions through its proprietary depolymerization technology, converting plastic waste into high-quality materials for global industries. This news hub provides investors and sustainability professionals with essential updates on corporate developments, strategic partnerships, and technological breakthroughs.
Access real-time announcements covering earnings reports, licensing agreements, manufacturing expansions, and environmental milestones. Our curated collection features press releases about Loop's circular economy initiatives, PET recycling innovations, and collaborations driving sustainable manufacturing worldwide.
Discover updates categorized for quick navigation: financial performance disclosures, technology patent developments, international joint ventures, and industry recognition. Bookmark this page for streamlined access to verified information supporting informed decisions about Loop's role in sustainable materials innovation.
Loop Industries (NASDAQ:LOOP) announced participation in the 35th Annual Roth Conference, scheduled for March 12-14, 2023, at The Ritz Carlton, Laguna Niguel. Key presenters include Daniel Solomita, Founder and CEO, and Kevin O'Dowd, VP of Communications and Investor Relations. Loop Industries is committed to fostering a circular plastics economy by producing 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber. Their patented technology transforms low-value PET waste into virgin-quality resin, aligning with sustainable objectives and reducing plastic waste.
Loop Industries, in collaboration with SUEZ and SK Geo Centric, has selected the Chemesis industrial platform in Saint-Avold, France, for a new manufacturing facility, slated for construction in 2025 and commissioning in 2027. This facility aims to produce 100% recycled and infinitely recyclable virgin-quality PET resin with a capacity of 70,000 metric tons annually. The project represents a €450 million investment, creating 200 jobs and projected to save over 255,000 tonnes of CO2 emissions per year compared to conventional virgin PET. This initiative is part of Loop's global strategy to support sustainability for European brands amidst increasing demand for recycled content.
Loop Industries (NASDAQ: LOOP) announced its participation in the Bank of America Securities 2023 Global Agriculture and Materials Conference on March 1-2, 2023. Daniel Solomita, Founder and CEO, along with Kevin O'Dowd, Vice President of Communications and Investor Relations, will speak and hold one-on-one meetings with investors and analysts. The group presentation is scheduled for 1:50 PM Eastern Time on March 2. Loop specializes in producing 100% recycled PET plastic, contributing to a circular economy by turning low-value waste into high-quality materials for sustainable packaging.
Loop Industries, a clean technology firm listed on NASDAQ under the symbol LOOP, will present at the 30th Annual Emerald Groundhog Day Investment Forum on February 2, 2023. The event, held at The Valley Forge Sheraton, will also feature a hybrid virtual stream. Keynote speakers include economist Dr. Ed Yardeni and CFA James Furey, along with Emerald analysts discussing investment trends. Loop's mission is to create a circular plastics economy by producing 100% recycled PET plastic and polyester fiber, transforming waste into virgin-quality materials for sustainable packaging.
Loop Industries (NASDAQ: LOOP) provided an update on its operations and reported Q3 fiscal 2023 results. The company plans to sell its Bécancour, Quebec property for CDN $18.5 million (US $13.9 million) to enhance liquidity. Loop is also focusing on its commercialization efforts in partnership with SK Geo Centric, aiming for lower investment and higher returns. Q3 revenues reached $24,924, with a net loss of $1.01 million, a significant decrease from $10.1 million in the same period last year. Research and development expenses fell by $2.25 million, reflecting cost reduction measures.
Loop Industries (NASDAQ: LOOP) has entered into an agreement to sell its remaining property in Bécancour, Quebec for CDN $18.5 million (US $13.9 million), expected to close on February 24, 2023. This sale, combined with significant operational cuts at its Terrebonne facility, provides approximately US $33.1 million in cash at the end of the fiscal year, ensuring nearly three years of liquidity without equity dilution. Loop will focus on joint ventures with SKGC for commercialization in Asia and Europe, which require less investment and offer higher returns.
Loop Industries (Nasdaq:LOOP) announced a transition in its Chief Financial Officer role, effective December 30, 2022. Drew Hickey will depart the Company for other opportunities, while Nicolas Lafond, currently the Director of Finance, will take on the Interim CFO position as Loop assesses its long-term needs. Lafond, a Canadian CPA with the company since 2017, is backed by VP Corporate Development Mike De Notaris. The Company remains focused on its mission to promote sustainable PET solutions and contribute to a circular economy.
Loop Industries (NASDAQ:LOOP) announced its participation in the Bernstein Industrials One-on-One Forum on November 28-29, 2022, in New York City. The company's Founder and CEO, Daniel Solomita, alongside Vice President of Communications and Investor Relations, Kevin O'Dowd, will be presenting. Loop Industries focuses on accelerating sustainable PET plastic and polyester fiber production through patented technology that recycles waste into virgin-quality materials, contributing to a circular economy and reducing reliance on fossil fuels.
Loop Industries (NASDAQ:LOOP) will present at the Benchmark Company's 11th Annual Discovery One-on-One Investor Conference on December 1, 2022, at the New York Athletic Club, NYC. CEO Daniel Solomita and Vice President of Communications and Investor Relations Kevin O'Dowd will engage in one-on-one meetings with institutional analysts and investors, promoting the company's mission of advancing a circular plastics economy with 100% recycled PET. For meeting requests or conference registration, visit here.
Loop Industries (Nasdaq:LOOP) will participate in the Sidoti & Company LLC Virtual Investor Conference on November 9-10, 2022. Co-founder and CEO Daniel Solomita and VP of Communications Kevin O'Dowd will present on November 10 at 10:00 AM ET. Registration for the presentation and virtual one-on-one meetings is free and open to all investors. Loop Industries focuses on creating 100% recycled PET plastics, contributing to a circular economy by reducing plastic waste and enabling sustainable packaging solutions.
